IMF names new chief

June 28, 2011 at 1:57 pm

The International Monetary Fund (IMF) today named Christine Lagarde as its new chief. Boston University School of Law Professor Cornelius Hurley, director of the BU Center for Finance, Law & Policy and former counsel to the Fed Board of Governors, offers the following comment:

“With Lagarde taking over the helm of the IMF, the global financial system finally has a spokesperson with the intelligence and the communications skills to articulate the grave threats facing us. It could not have taken place at a more opportune time.

“To date, ideologues in the U.S. and Europe have waged their sophomoric battles — witness the Greek and U.S. debt crises — without adult supervision. I believe Ms. Lagarde is up to the task.”